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Global Management Consulting Recruiting Figures
Today, 5,520,284 people are working in the global management consulting industry. The US management consulting market employs 1,687,462 people. The employment rate in the UK management consulting industry has declined significantly since 2014.
- The global management consulting industry has employed 5,520,284 people.
- According to the Bureau of Labor Statistics, hiring in the global management consulting will grow by 14% from 2014-2024 for 103,400 new jobs.
- In the European market, the industry experienced an employment growth of 5.0%, 5.2%, and 6.3% in 2017, 2018, and 2019, respectively. The employment compound annual growth rate for the three years as 5.5%.
- In the United States, the management consulting industry is expected to grow at a rate of 2.9%. Currently, the industry employs 1,687,462 people. Between 2016-2021, employment has grown at a rate of 3.1%.
- Statistics show that approximately 1,636,986, 1,703,084, and 1,639,449 people were employed in the US management consulting industry in 2018, 2019, and 2020, respectively.
- In the US, 257,891 employees work in scientific and economic consulting segment. In 2018, 2019, and 2020, 275,000, 280,000, and 250,000 people worked in the segment, respectively.
- The management consulting industry in Australia has employed 138, 828 people.
- In Canada, the industry has employed 129,845 people.
- In China, the management consulting industry has employed 542,369 people.
- The UK management consultant market has employed 448,855 people while the German market has employed 292,220.
- Employees’ salaries in the management consulting industry are dependent on their levels and areas of specialization as shown by the UK example below.
Research Strategy
After an exhaustive 4 hours' search, the research team could not find precompiled data on the number of employees working in the global management consulting industry organized according to their background. However, we found information about the total number of employees in the globe and delved deeper to present the number of workers in some of the leading markets in the globe.
To find the requested information, our initial search leveraged on resourceful websites such as IBISWorld and Consultancy.org. Our past research had shown that the websites have a wealth information about the management consulting industry. Besides the total number of employees, we hoped to find a full breakdown of the employees’ placement relative to their qualifications. However, the research only yielded information about employment rates, salary levels, and employee count in some markets. Our search was partly hampered by the fact that detailed reports by IBISWorld are behind a paywall.
We then supplemented the search by scouring through reports focusing on the regional markets and/or individual leading countries in the industry. Although we found reports with useful information such as employment growth rates in regions such as Europe, specific data on the number of employees and their background was not available.